6 Short term credits
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7 Debentures and notes
Debentures and notes includes issued debt instruments in various currencies under FMO's Debt Issuance Programs. In addition, a subordinated note of €250 million is also included in the Debenture and Notes.
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8 Commitments and contingent liabilities
To meet the financial needs of borrowers, FMO enters into various irrevocable commitments (loan commitments, equity commitments and guarantee commitments) and contingent liabilities.
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9 Interest Income
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10 Interest Expense
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11 Dividend income
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12 Results from equity investments
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13 Net fee and commission income
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14 Results from financial transactions
The movement for results from financial transactions can be mainly explained by changes in valuations for derivatives and FX results.
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15 Remuneration for services rendered
Remuneration for managing funds and programs is assessed for market conformity. Related management expenses are included in operating expenses.
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